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Trading Application Specialist

DRW
Posted a day ago, valid for 17 days
Location

Chicago, IL, US

Salary

$150,000 - $200,000 per year

Contract type

Full Time

Flexible Spending Account

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Sonic Summary

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  • DRW is seeking a Trading Application Specialist to join their UP - Exchange and Vendor Management team in Chicago, focusing on the integration of technology across various trading business units.
  • The role requires familiarity with AI-native toolkits, knowledge of the trading industry, and experience with order and execution management systems, ideally with a background in Front Office or vendor-facing roles.
  • Candidates should possess exceptional communication skills and the ability to manage multiple requests efficiently, contributing to the build-out of analytical dashboards and vendor performance tracking.
  • The annual base salary for this position ranges from $150,000 to $200,000, depending on the candidate's experience and qualifications, along with eligibility for an annual discretionary bonus.
  • DRW offers a comprehensive benefits package, including medical, dental, vision insurance, and a 401k plan with employer match.

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

The UP - Exchange and Vendor Management team is responsible for analysis, onboarding and continuous management of all vendor managed Front Office tools and platforms used within the firm. The team is largely focused on execution and order management systems and third-party electronic trading venue connectivity, but can also branch out into products covering functions from pre-trade risk to interoperability tools. 

Due to continued growth in the firm, the team is looking to expand and bring on a Trading Application Specialist. The candidate will get exposure across the many trading business units in the firm as they assist with integrating best-in-class technology to the desks. This will lead the candidate to help steer projects along the different asset classes the firm trades in: 

  • Equities
  • Commodities (physical and financial)
  • FX
  • Fixed Income & Rates based products
  • Listed Derivatives (Futures & Options)
  • Crypto-related products

To be successful, the candidate will need to form strong working relationships with ISVs (independent software vendors), banks, counterparties, service providers, along with internal DRW teams to deliver results at a high level. 

Location:

  • Chicago (hybrid - three days in office)

Responsibilities: 

  • Contribute to the build out of analytical dashboards to track and compare vendor and counterparty performance based on established industry metrics
  • Initiate and maintain communication with vendors representing queries, requests and issues on behalf of DRW that fall outside of the scope of front-line production support duties
  • Provide analysis to the business regarding platform options to support new trading opportunities, including analysis of cost, feature set and support requirements
  • Partner with internal groups to support onboarding new platforms. These touchpoints may include:
  • Traders and Portfolio Managers
  • Trade messaging support (FIX, API)
  • Middle Office / Operations
  • Back Office (Accounting/Investment Book of Record)
  • Project Managers and Business Management
  • Provide platform demos to potential users, focusing on their specific trade
  • Regularly review firm usage of vendor platforms and identify opportunities for optimization
  • Maintain a wiki of vendor party platforms with detailed feature sets
  • Assist in building a next-gen software catalog for vendor platforms that tracks user permissions, exchange and broker connectivity, and helps track operating expenses
  • Help synthesize, document and implement best practice standards for vendor implementations and ongoing platform relationship management.

Requirements and Experience: 

  • Familiarity with Ai-native toolkits to ingest and analyze trading data
  • Knowledge of the trading industry, particularly covering a breadth of trading strategies
  • Knowledge of execution, market data and risk management terminology and concepts
  • A background of working with order and execution management systems (OMS/EMS), either through Front Office, Front Office IT, or vendor/third party roles facing these teams
  • Ability to manage multiple, unrelated requests from the business in a short timeline
  • Exceptional written and verbal communication skills

The annual base salary range for this position is $150,000 to $200,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.

California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

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By applying, a DRW account will be created for you. DRW's Privacy Policy and Terms & Conditions will apply.

SonicJobs' Terms & Conditions and Privacy Policy also apply.